Mike and Merlin start things off by analyzing the Aussie Dollar and potential trade opportunities going forward. Focus then shifts to one of the larger Forex brokers stock as a listener is holding thousands of shares! Finally, Mike talks about how to capitalize on the current oil price by looking for strong dividend plays.
Editors’ Picks
EUR/USD: The bearish outlook remains intact below 1.0900
The EUR/USD pair remains firmer near 1.0880 during the early European session on Tuesday. The uncertainty surrounding the US presidential election outcome weighs on the Greenback and provides some support to the pair.
GBP/USD holds steady near 1.2950 as traders await US presidential election result
The GBP/USD pair trades flat near 1.2950 during the early Tuesday. Traders will closely monitor the outcome of the US presidential election. On Thursday, the attention will shift to the Bank of England and the US Federal Reserve monetary policy decisions.
USD/JPY gains traction to near 152.50 amid cautious mood
USD/JPY has found fresh demand and tests 152.50 in Asian trading on Tuesday, tracking the US Dollar price action. The pair's upside appears capped by strong Japanese PMI data and a cautious market mood. Traders remain wary as Americans head to polls this Tuesday.
Editors’ Picks
EUR/USD: The bearish outlook remains intact below 1.0900
The EUR/USD pair remains firmer near 1.0880 during the early European session on Tuesday. The uncertainty surrounding the US presidential election outcome weighs on the Greenback and provides some support to the pair.
GBP/USD holds steady near 1.2950 as traders await US presidential election result
The GBP/USD pair trades flat near 1.2950 during the early Tuesday. Traders will closely monitor the outcome of the US presidential election. On Thursday, the attention will shift to the Bank of England and the US Federal Reserve monetary policy decisions.
Gold price recovers early lost ground to over one-week low amid US election concerns
Gold price slides to a one-week low amid some repositioning trades ahead of the US election. Fed rate cut bets, falling US bond yields and subdued USD demand help limit the downside. Middle East tensions also offer support to the XAU/USD and contribute to the modest bounce.
Trump-inspired memecoin MAGA shows bullish on-chain metrics ahead of US elections
MAGA trades slightly down to around $3.4 on Tuesday after rallying more than 20% since Sunday. The former President Donald Trump-based memecoin is poised for further gains as daily active addresses and network growth metrics rise, signaling increased network usage and adoption.
US presidential election outcome: What could it mean for the US Dollar? Premium
The US Dollar has regained lost momentum against its six major rivals at the beginning of the final quarter of 2024, as tensions mount ahead of the highly anticipated United States Presidential election due on November 5.
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